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business chapter 25

Authored by Lara Bukhari

Business

10th Grade

Used 1+ times

business chapter 25
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35 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Credit is based on the creditor’s confidence that the debtor can and will

repay the debt.

True

False

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The federal government uses credit to pay for many of the services and

programs it provides to its citizens.

True

False

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Credit can diminish the growth of an economy. Delaying payment means

there is less money for a business to buy more inventory or invest in new supplies

and equipment.

True

False

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Late or missed payments lower a borrower’s credit rating.

True

False

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Consumer finance companies specialize in loans to people who have

excellent credit ratings and, therefore, offer lower interest rates.

True

False

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A person who borrows money is called.

A creditor

A debtor

A lender

economically disadvantaged.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The fee charged for borrowing money is called.

borrowing cost
fee
loan charge
interest

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